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Scale FinanceScale Finance Logo, Interim CFO, Part Time CFO Services, Accounting Support, Temporary CFO, Accounting Bookkeeping Services

Interim CFO, Part Time CFO Services, Accounting Support, Temporary CFO, Accounting Bookkeeping Services

Charlotte · Raleigh – Durham · Chapel Hill · Triad · Southern Pines · Coastal Carolina
Closing the GAAP to Scale Your Business
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919-230-4667
Scale Finance, LLC, Financing, North Myrtle Beach, SC
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SF Closes $5 Million Growth Financing for RANDA Solutions

With the financial advisory support of Scale Finance LLC, RANDA Solutions, Inc. (www.randasolutions.com) has closed an institutional growth capital transaction through Fulton Bank, the lead banking subsidiary of Fulton Financial Corporation.

RANDA is a leading Education Technology provider and INC. 5000 software firm founded in 2004. Education is burdened with old problems, new mandates, and higher stakes. RANDA’s education technology solutions address core problems in ways that fulfill mandates and reduce the risks of high-stakes decision making. RANDA’s solutions center on providing high stakes data – 1) Student Data (student identification, student demographics, summative and formative assessments, student growth, course completion, and college readiness); 2) Educator Data (educator identification and demographics, professional development/continuing education, Teacher/Student Data Link (TSDL), value added assessment alignment, and teacher effectiveness); and 3) Third-party Data (community demographics, school climate, early warning data). RANDA’s patented education data management and intelligence software platform acquires, manages and utilizes data providing administrators and teachers in US state and district-wide, and international schools in the K-12 educational segment a variety of education intelligence.

RANDA’s expert team employs advanced approaches to education intelligence collection, acquisition, management and utilization, and provides complex, secure workflows and accessibility and availability. In collaboration with its clients, RANDA has developed a rich understanding of how education really works so RANDA can effectively use right technology to the advantage of educators. Its mission directs its best efforts to transform education with innovative offerings that improve teacher effectiveness.

To support significant contract wins and a growing backlog within the EdTech space and to expand RANDA’s balance sheet, RANDA engaged Scale Finance LLC. Fulton Bank, through its Government Contracting and Technology Banking Group, provided RANDA an innovative working capital and lease facility with critically important flexibility and attractive terms.

About Scale Finance LLC – Scale Finance LLC (www.scalefinance.com) provides capital advisory services, M&A support, contract CFO services, and Controller solutions to entrepreneurial growth companies. The firm specializes in providing strategic advisory and management for companies raising growth capital and considering M&A/recapitalization opportunities, cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, and business valuations. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up and expansion to tens of millions in annual revenue.

Scale Finance LLC has offices throughout the eastern seaboard including Charlotte, Raleigh/Durham, Pinehurst/Southern Pines Washington, D.C. and South Florida with a team of more than 55 professionals serving over 100 companies throughout the U.S.

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Knowledge Bank

Understanding the True Cost of Employee Turnover

How to Think About Valuation When Raising Venture Capital

What it Takes to Shift to a Recurring Revenue Model in Hardware & Software

Differences Between Major SBA Loan Programs – SBA 7(a) vs. SBA 504

5 Reasons Entrepreneurs Don’t Get Funded (Which Are Not Their Fault)

Balancing Profitability Versus Growth

Bootstrapping Your SaaS Business – What’s Changing

Best Options for Small Company Loans

Loan Workouts – Understanding Various Options

How to Value a Fintech Startup

The Value of Angel Investors

Finance & Accounting 101 for New Small Company Owners

How to Handle a Bank’s Rejection of Your Loan Request

Accessing University IP – Negotiating Financial & Other Terms

Why VCs Sometimes Push Companies to Burn Cash Too Fast

7 Steps for New Business Owners

Basic Benefits of Starting a Business in North Carolina

Accounting Fraud – Common Causes and How to Stop It

Why 80% of Court Judgments Go Uncollected

7 Steps for Early Stage Fundraising from a VC

Explore the Knowledge Bank…

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Recent News

Congrats to Payzer for Closing $23 Million Equity Financing

SF Client Headbands of Hope Closes Strategic Growth Investment

SF Assists Semper Investment Company in Acquisition of ACM Removal

SF Client SentryOne Acquired by SolarWinds (NYSE: SWI)

Scale Finance Assists GPM with Acquisition by Netsmart

SF Client Broadstep Behavioral Health Continues National Growth Through Acquisitions

SF Client Impact Financial Systems (IFS) Acquired by iPipeline

Scale Finance Assists TrueLearn with Investment by LLR Partners

Scale Finance Assists Textum Weaving with Investment by Quad-C

Scale Finance Closes Debt Financing for Horizon Eye Care

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Scale Finance Closes Growth Financing for Celerity

Scale Finance Advises on Acquisition of Reliant Transport

Scale Finance Closes $20 Million ABL Financing for TRA

SF Client TruPoint Partners Acquired by Ncontracts

Scale Finance Advises on Debt Financing for Alpha Waste Industries, Inc.

Scale Finance Closes $7M Senior Debt for Travel Resorts of America

More News…

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Media

Scale Finance Managing Director Dave Gilroy interviewed on WSIC Radio (local Fox affiliate)

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